Updated Dec 4, 2024
Paradise Gas Auto Care Leases Retail Space At 925 South Verdugo Road In Glendale
925 South Verdugo Road
$6
$6/SF
Building Size
2,025 SF
Asset Type
Retail
Closing
Oct 25, 2023
About this deal
AI
A retail property located at 925 South Verdugo Road in Glendale has recently been leased. The property has a total square footage of 2,025 and is owned by Gorgee Khodaverdian & Andy A. Mattewsian. The tenant for this lease is Paradise Gas Auto Care.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $6.5 per square foot
- Lease Term: 7 years
- Landlord's Representative: Karl Markarian - JohnHart Real Estate
This lease is a 7 Year Trip NNN Lease Term with Zero Landlord Responsibility, providing the tenant with a long-term commitment and relieving the landlord from any maintenance responsibilities. The transaction was facilitated by Karl Markarian from JohnHart Real Estate, representing the landlord.
On the Map
$6
$6/SF
Retail
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Players
Glendale Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2643833.33%
Cash-on-Cash
-755615.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93